Truist Securities has revised its price target for Freshpet (FRPT, Financial), reducing it from $110 to $90 while maintaining a Buy rating. This adjustment comes as the firm anticipates the company's upcoming quarterly earnings announcement.
The decision to lower the target reflects current market conditions and a contraction in industry-wide valuation multiples. Despite the decrease in the price target, Truist remains optimistic about Freshpet's investment potential due to its underlying business fundamentals.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Freshpet Inc (FRPT, Financial) is $130.19 with a high estimate of $189.00 and a low estimate of $90.00. The average target implies an upside of 70.18% from the current price of $76.50. More detailed estimate data can be found on the Freshpet Inc (FRPT) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Freshpet Inc's (FRPT, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Freshpet Inc (FRPT, Financial) in one year is $142.92, suggesting a upside of 86.82% from the current price of $76.5. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Freshpet Inc (FRPT) Summary page.
